Скачать или смотреть What to Cover During Your Rental Property Lease Signing: Conner and Kurtisha - Part 5

I’ve created a passive income stream of $65k per month in rental income, and my properties are currently worth $10M. I did this ​while working a full-time job, and I’m going to show you how you can do it too.

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EPISODE 1:
Kurtisha & Conner both have full time jobs and own a house
They are interested in getting started in RE investing while working a full time job

Step one refi or Cash out or HELOC
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Step two get prequalified

Sept three Zillow search
1-4 plex and live in it
Focus on school zones
No weird layouts, busy roads or steep driveways
Step 4 look at properties and make offers!
Use listing agent

Why are they interested in investing in real estate investing
finial freedom
wealth building
getting back their time

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EPISODE 2:
They got an offer accepted!
They used an escalation clause
They got the seller to pay for the buyer's title insurance policy
They got the offer accepted with an inspection and financing contingency as well as seller to pay $5k of buyer's closing costs!
Great job guys!!!

Next steps are to:
Get property inspected
Complete loan homework
Get insurance quote
Prepare funds for closing

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EPISODE 3: Inspection Nightmare!
1. Big things that stand out to us are:
2. leak in hot water heater (into electrical stuff, also at least 15-17 years old),
3. Heat pump not working properly,
4. dishwasher not working,
5. issues around chimney flashing and cap,
6. old duct work in crawl space (not used, in the way, needs to be removed to get to certain areas),
7. could tell there was termite activity at some point in an area in crawl space he couldn't access,
8. electrical wiring doesn't have ground wiring,
9. asbestos shingles (some need sealing), some
10. miscellaneous plumbing issues (leak in crawl space, loose toilet, loose shower head, tubs missing plugs) 
11. They've said they would fix some things already that came up on last inspection report, and they wanted us to go ahead and do this inspection to see what would come up that would need fixing. 
12. - is it worth pursuing this house with the extent of issues or at least going through negotiation process to see what they will fix?
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EPISODE 4: Closing!
Repairs drama
Wire drama
They finally got the key 3 days later/ after closing
Next Steps:
Misc repairs, advertising and interviewing tenants!
& Making offers on the next property!
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EPISODE 5: SIGNING A LEASE
What to Cover During Your Rental Property Lease Signing: Connor and Kurtisha - Part 5

How to fill out a lease
What to mention when meeting with your tenants
How to set expectations up front
What to say, what to not say
When to collect the rent and deposit
How to collect rent
Insurance
Dogs
Where to meet